Free Real Estate Licensing Virginia-Real-Estate-Salesperson Practice Test & Real Exam Questions

Exam Code/Number: Virginia-Real-Estate-Salesperson
Exam Name/Title: Virginia Real Estate Salesperson Exam
Certification Provider: Real Estate Licensing
Corresponding Certification: Real Estate Licensing Certification

Exam Questions: 125
Updated On: Aug 25, 2026

Question #10

Which of the following provides the BEST explanation for why disclosure of material facts is required?

A. The material a property is made of can influence its value.

B. If known, they could cause a buyer or seller to take a different course of action.

C. All facts related to a real estate transaction must be disclosed.

D. Not all material facts are readily discernible.

Discussion 0

Correct Answer: B Vote an answer

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Question #11

Stigmatized properties are properties:

A. with suppressed market value due to something that happened on or to the property, rather than the physical condition or features of the property

B. with suppressed market value due to their physical condition or features

C. with market prices far exceeding other similar properties within an area

D. that are exempt from ad valorem taxes

Discussion 0

Correct Answer: A Vote an answer

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Question #12

A legally competent party to a contract will:

A. have reached the age of majority and be literate

B. be literate and not be mentally incompetent or intoxicated by drugs or alcohol

C. have reached the age of majority and not be mentally incompetent or intoxicated by drugs or alcohol

D. not be mentally incompetent or intoxicated by drugs or alcohol and have legal representation

Discussion 0

Correct Answer: C Vote an answer

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Question #13

If a condo owner is selling their unit, which of these documents should they present to a buyer?

A. Closing Disclosure

B. Loan Estimate

C. HUD-1

D. resale certificate

Discussion 0

Correct Answer: D Vote an answer

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Question #14

One township contains how many sections?

A. 64

B. 640

C. 6

D. 36

Discussion 0

Correct Answer: D Vote an answer

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Question #15

Lillian is buying a home for $355,000. She is going to put down $75,000 as her down payment on her conventional loan. Will Lillian be required to pay private mortgage insurance?

A. Yes, PMI is required until she reaches 50% equity.

B. No, her down payment is large enough to avoid PMI.

C. Yes, her down payment does not meet the requirements to eliminate PMI.

D. No, but it depends solely on her credit score.

Discussion 0

Correct Answer: B Vote an answer

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Question #16

Which of these is an example of a deed restriction?

A. The city denies Darren a permit to open a pawn shop in a residential area.

B. A restriction in one subdivision development specifies that no boats or recreational vehicles may be kept on the street, driveway, or lot.

C. Demi is required to file an environmental impact statement with the city before building a new subdivision.

D. Donald is required by the municipal government to have a certain number of bathrooms in his business.

Discussion 0

Correct Answer: B Vote an answer

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Question #17

Which of these describes a leasehold estate?

A. Shannon lives in her uncle's apartment and has the right to occupy it for the remainder of her life. After that, the property reverts back to her uncte.

B. Terrence occupies an apartment he doesn't own. He pays his landlord rent every month.

C. Jung owns a building. He lives upstairs and runs the store downstairs.

D. Janet owns a property she inherited from her father. There's a stipulation on the deed that it is only to be used for a residence. Otherwise, it reverts to him.

Discussion 0

Correct Answer: B Vote an answer

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Question #18

What is a marketable title?

A. the official opinion of an attorney regarding the condition of a property's title

B. constructive or actual notice of real property ownership

C. an abbreviated history of a property, including information on any transfers, grants, wills, conveyances, liens, and encumbrances

D. a title free from significant encumbrances or defects (such as liens) that might prevent a purchaser from enjoying or eventually selling the property

Discussion 0

Correct Answer: D Vote an answer

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